5 Reasons to Invest in North Cyprus Land

If you are an investor and want to invest in any good place to generate profits, then there is no place better than North Cyprus. There are almost all kinds of facilities provided in this city that any investor could expect. A proper working atmosphere is very important for starting any type of business. Many local and foreign businessmen starting to invest in North Cyprus land because of its safety and attractive location.

Like the working environment, many other things do matter like safety, economy, education, tourism, etc. If we talk about the real estate industry of North Cyprus, then this industry is growing more than any other industry in the whole North Cyprus land.  Let’s find out which are the key reasons for any investor to invest in North Cyprus.

Here are the five key reasons why you should invest in North Cyprus.

  • Rising Economy
  • Safe Land
  • Easy Relocation
  • Real Estate Industry
  • Tourism Sector

1- Rising Economy

The economy of any city or country plays a very important role in terms of grabbing investment and creating job opportunities. In North Cyprus, there are dozens of business opportunities in every field like education, health, tourism, real estate, and others. The increase in the capital growth of this land is contributing a lot to the economy. 

Talking about education, international universities of this northern land are educating 60,000 students from 100 different countries.  Education also plays a significant role in boosting the local economy of any city. If we talk about the real estate market, investor’s interest in the properties in northern Cyprus is increasing day by day. Another thing that boosts Cyprus’ economy is using currencies of Euro and Turkish Lira as well. So, it wouldn’t be wrong to say that the economy of North Cyprus is one of the growing economies in Europe right now. 

2- Safe Land

Forget about investment, no one would like to even visit a land that is unsafe. North Cyprus is like in the developing stages, there is no fear of terrorism or any violence. This place is ideal for children and women to visit various parks and historic places without having any fear. Talk about the crime rate, North Cyprus stands among the top 3 cities with the lowest crime rate in Europe.

The northern part of Cyprus is safer than the southern part so its recommended for all of the tourists to be aware of all possible risks and safety issues in the southern part.

3- Easy Relocation

Most of the users find it difficult to relocate from one place to another. Sometimes strict laws and regulations make it tough for investors to shift their business. If we talk about relocating to North Cyprus, this land is providing ease to everyone including businessmen. A welcoming approach by the Government is the reason that almost everyone can relocate to North Cyprus.

If you want to take the citizenship of North Cyprus, all you have to do is to buy any property. Further on, you would have to invest a little amount of money in the North Cyprus bank and that amount must be equal to the annual wage amount set by the government. After owning a property in North Cyprus for 5 years, you would be able to apply for full citizenship of North Cyprus. That’s a good approach by the government because the more people will buy properties more will give a boost to the economy.

In case you want to relocate to North Cyprus and looking forward to buying an apartment or any property in Cyprus then visit PropertyNc. It is a dedicated North Cyprus property portal that is offering dozens of northern Cyprus properties for sale. You can also check out different apartments to rent in Cyprus according to your budget and preferred location.

4- Real Estate Industry

The real estate industry is like a backbone of North Cyprus’ economic structure. As we have discussed above that you would have to own any North Cyprus property in order to apply for full citizenship. This northern land is gaining a lot of momentum and rise in its real estate industry like never before. Prices of properties in northern Cyprus are increasing from 5 to 10% annually and this is the perfect time to invest in the real estate sector of North Cyprus.

If you are already a citizen of North Cyprus, then you can put your property for sale in northern Cyprus to create more profit. You can offer your apartments to rent in Cyprus to different people in order to create revenue on a monthly basis. So, the ground for playing in the Real estate industry of North Cyprus is huge for every local and foreign investor. Policies and laws of the real estate industry are flexible enough for everyone to buy North Cyprus property easily.

5- Tourism Sector

No country or city can grow its economy without promoting tourism. Tourism is one of the key factors that bring an impact on the economy. Bringing tourists not only creates jobs but also give a go to the local economy. Some areas of North Cyprus have beaches where any investor can build resorts, restaurants, shops, and hotels for providing a perfect picnic spot to tourists.

Free visa policy for people from Eastern European countries is bringing a lot of tourists from that region. Sunny weather for 10 months in a year attracts hundreds of tourists from all around the world to spend their holidays at stunning beaches in northern Cyprus. You would be glad to know that if anyone is investing in the tourism sector then that investor would not have to pay income tax fees for 10 years. This type of support and flexibility by Nothern Cyprus’ government is building the confidence of the investors to invest in this place.

Conclusion

After having a look at the top 5 core reasons to invest in North Cyprus, we can say that this land is an ideal place providing freedom to the investors. From the Real estate industry to the Tourism sector, every area brings investment opportunities which is more than enough to ask for. Relaxation in the visa policy and taxation system is one of the main reasons why everyone is looking forward to investing in North Cyprus. This land with a growing economy is a golden opportunity for investors to start investing in this northern land.


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